400 W Broad St - Storefront Retail/Residential FOR SALE


Richmond, VA 23220- Jackson Ward
$1,500,000 USD
804-432-2688
400 W Broad St, Richmond, VA for Sale
$1,500,000 USD
Storefront Retail/Residential - FOR SALE
1/9
null | Request Cap Rate

400 W Broad St
Richmond, VA 23220
Jackson Ward


HIGHLIGHTS

  • 100% Leased investment
  • Great location near new CoStar innovation center academic campus of VCU on corner of W Broad St and Belividere.
  • Opportunity for NOI growth through renovation and lease up of under utilized apartments.
  • Ground floor tenant is stable with two years of term remaining on lease.
  • Strong regional growth in terms of population and rents.

OVERVIEW

Good mixed use retail offering in Urban Core Richmond, Virginia. Four apartments over one 3,500 square foot retail bay with two years of term remaining on modified gross lease terms. Two one bedroom, one baths and two, two bedroom, one bath units. Apartments are need of renovation and would command rents in the $1,500 to $1,800 range. Solid location near VCU academic campus. Off-street parking for each unit. Corner location

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$175 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

CROSS STREETS

Monroe

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

B-4

APN/PARCEL ID

N000-0206-014

ASK ABOUT THIS PROPERTY

Kerry RileyMarcus & MillichapMore Info
804-432-2688

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Kerry RileyMarcus & MillichapMore Info
804-432-2688

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.